Natixis Advisors L.P. raised its stake in Moody’s Co. (NYSE:MCO – Get Rating) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 51,935 shares of the business services provider’s stock after purchasing an additional 4,104 shares during the period. Natixis Advisors L.P.’s holdings in Moody’s were worth $20,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. acquired a new position in Moody’s in the third quarter valued at $26,000. Dark Forest Capital Management LP acquired a new position in Moody’s in the third quarter valued at $31,000. Ten Capital Wealth Advisors LLC acquired a new position in Moody’s in the fourth quarter valued at $39,000. Bell Investment Advisors Inc acquired a new position in Moody’s in the third quarter valued at $45,000. Finally, Arlington Partners LLC acquired a new stake in shares of Moody’s during the fourth quarter worth about $48,000. Institutional investors own 90.34% of the company’s stock.
Moody’s stock traded down $10.12 during mid-day trading on Friday, reaching $316.48. The company had a trading volume of 1,283,528 shares, compared to its average volume of 804,947. Moody’s Co. has a 1 year low of $299.68 and a 1 year high of $407.94. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $58.67 billion, a P/E ratio of 26.87, a P/E/G ratio of 2.44 and a beta of 1.21. The stock’s 50-day simple moving average is $326.94 and its 200-day simple moving average is $357.14.
The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, February 25th were issued a $0.70 dividend. The ex-dividend date was Thursday, February 24th. This is a boost from Moody’s’s previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. Moody’s’s dividend payout ratio (DPR) is 23.77%.
In other Moody’s news, CEO Robert Fauber sold 447 shares of the stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $343.98, for a total value of $153,759.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Moody’s in a research note on Tuesday, March 8th. They set an “outperform” rating and a $363.00 target price for the company. Raymond James decreased their target price on shares of Moody’s from $439.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, April 7th. Barclays decreased their target price on shares of Moody’s from $450.00 to $400.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. Morgan Stanley decreased their target price on shares of Moody’s from $360.00 to $350.00 and set an “equal weight” rating for the company in a research note on Monday, April 4th. Finally, BMO Capital Markets raised their price objective on shares of Moody’s from $365.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, April 18th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $396.54.
About Moody’s (Get Rating)
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.
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